Official Liquidator has filed a report. Let the report be kept with the
record.
2. This Court finds that publication was made on 10th January, 2025
but none has come forward to raise any objection. Punjab National
Bank is a secured creditor but no objection has been raised on behalf
of the bank. Subsequently, an auditor was appointed and submitted
report. After the report submitted by the auditor, in terms of the order
passed by this Court dated 16th July, 2025, an amount of
Rs.3,27,489.57 is transferred to the Reserve Bank of India under
Section 555 of the Companies Act after deduction of all liquidation
expenses.
3. Considering the above, this Court finds that in spite of publication of
notice, none has come forward to raise objection. The remaining
amount has already been deposited in the Reserve Bank of India in
2005:CHC-OS:7
terms of Section 555 of the Companies Act and nothing remains in the
present application. Thus, the company is dissolved and the Official
Liquidator is directed to dispose of the books and papers of the
company in liquidation immediately after the expiry of five years from
the date of dissolution of the company in liquidation as laid down in
Section 550(1) and (2) of the Companies Act.